Deal numbers
- Est. cap rate
- 2.7%
- Assumed rent, all units
- $5,460/mo
- Units
- 3
- Price per unit
- $400,000
- Est. annual NOI
- $32,760
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $62,244
- Operating expenses
- $31,122
- Net operating income
- $31,122
- Annual debt service
- $71,853
- Annual cash flow
- -$40,731
- Cash on cash return
- -13.6%
- Down payment
- $300,000
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Triplex
- Bedrooms
- 3
- Building size
- 2,928 sqft
- Lot size
- 6,012 sqft
- Year built
- 1924
- Stories
- 2
- Garage spaces
- 0
- Pool
- None
- Status
- Active
- Days on market
- 2
- MLS #
- 248137161
About this property
Prime Investment Opportunity in Adams-Normandie | Near USC Located in the highly desirable Adams-Normandie neighborhood of Los Angeles, 2710 S. Normandie Avenue presents an excellent opportunity for investors and owner-occupants seeking a property in a prime location near USC. This multi-unit property features two separate buildings, offering a versatile layout with strong rental potential. The property consists of three units, including a spacious 4-bedroom, 2-bathroom front unit, a remodeled 1-bedroom, 1-bathroom upstairs unit, and a detached 1-bedroom, 1-bathroom rear unit. With additional potential for future development or expansion, subject to verification of zoning, permits, and applicable city approvals, this property offers an exciting opportunity to maximize its investment potential. Built in 1924, the property features approximately 2,928 square feet of building space on a generous 6,012-square-foot lot, zoned LA-R1.5. Enjoy convenient access to the University of Southern California, West Adams, Exposition Park, Downtown Los Angeles, Crypto.com Arena, L.A. LIVE, Metro E Line, major freeways, restaurants, shopping, and entertainment. A fantastic opportunity to own a property in a sought-after rental market with long-term investment potential.
Location
2710 South Normandie Avenue
Los Angeles, Los Angeles, CA, 90007